InsuraGuest Technologies Inc (OTC:ISGIF) has launched a monthly subscription-based insurance product for the Vacation Rental/Short Term Rentals (STR) Insurance marketplace.

What Happened: With InsuraGuest's new subscription model, the Vacation Rental/STR owner or property manager can choose the insurance package for their property, depending on the coverage level and its limits.

The new subscription-based product will cover the property 24 hours a day, seven days a week, 365 days a year, and can be turned on or off depending on the seasonality of the property's renters. 

InsuraGuest's primary no-fault medical coverage will be included in the new product offering, which covers guests' accidental injury no matter who's at fault.  

Why It Matters: "This is a major insurtech technology lift we have been working on for over six months, states Reed Wright, President of InsuraGuest. 

The company says that the new subscription-based solution allows the product to be sold to everyone and anyone in the Vacation Rental/SRT space in the U.S. 

It also gives the clients the ability to control their insurance needs while protecting their property and their guests at the same time.

Photo via Company